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Rs 1 Crore Salary in USA ? Saving ? As an Indian
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- เผยแพร่เมื่อ 28 ธ.ค. 2020
- Every year many MNC give over 1 crore rupees salary job in IIT, and our media highlight its very well.
In this, I will discuss what does 1 crore salary actually means in USA (California). The taxes that need to be paid , monthly expense and savings.
If you like this video do share it with your friends.
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Great Video Pushkar, showing the reality to people. Keep it up man.
I have time to make subtitles in English, plz pay attention to the guys who are demanding English Version.
If both husband and wife work then they can save 1 person's salary . Then the savings are significant.
Whatever you earn Over 50K you can save after removing the tax part.
@@PushkarKumar suppose ab koi apne 2 bache biwi k sath rehta hey toh kitna kharcha hojayega😬
@@Krish-fe5sl bhai lekin chodne mai maza bhi to aata hai 2 biwi ko
Jab mere 2 Bache honge toh exact bata dunga, by the time you can assume 500$ to 750$ per kid.
@@PushkarKumar classic Pushkar
Thanks a lot bro, you changed my perception. I have spent many hours watching these kind of videos, still confused. Now I got some clarity.
My Uncle and aunt and my 5 friends come back India due to high Inflation in USA and high cost of living
Thanks a lot for this. Everyone tells salary in india vs usa but nobody does in-depth comparison.
th-cam.com/video/t81Rf-Sl9Hk/w-d-xo.html
Kya in depth india mei tu mereko 25lac salary leke bata de 😂😂😂 wah tu utna save kar skta hai
Better city, better lifestyle, better opportunities will have a cost. The quality of life or trajectory of a career doesn't depend on how much money you save by the end of the month.
You kids won't understand anything until you yourself have experienced all this...
Talking about trajectory of career....Do you even know how difficult is the competition in Silicon Valley region????
Wow.....the money you save by the end of month if doesn't matter????
What's the use of all other stuffs????
Who will help you when you will be in a financial urgency????
Also
Think of all these factors....
The fine line of yours is true till some extent......well some places in USA whose cost of living are excessive high is also because those cities of US have more millionaires than our whole India.......
There a normal house even costs nearly a million dollars........
Talking about better lifestyle.....if you settle in top tier cities if India like New Delhi, Mumbai ,Bangalore
Believe me..these cities are at par even with many big cities in USA..like Texas,Ohio, Florida etc.....
It's also better to settle and work for India rest is your choice
@@radharamanchakraborty2194 wow idk when Texas,Florida and Ohio became cities.
@@radharamanchakraborty2194 A NORMAL HOUSE DOESNT COST A MILLION DOLLARS LOL.... UNLESS IT IS DOWNTOWN AREA
@@radharamanchakraborty2194 I think you never bought a house in Big cities of India!
You are speaking as if every NRI is staying in Silicon valley region
Rightly pointed.. jisne video banaya woh khud India aakr rehne lagta agar US mei rehna worth nahi hota .. yeh bhi ek sachhai hai.. merit demerit dono jagah hai.. jise jo pasand hai woh waha rahe..
My Father worked abroad as Cheif engineer for about 10 years . Savings max 1.5 lakh per month. Medical is damn expensive in US.
Another major thing is that the 1-2 cr CTC that are projected in the media so obsessively, usually contains stock component for 4yrs which the media never mentions. So u will be getting only 25% of that per year. Along with that there will be this one time joining and relocation bonus. Also, they project the highest percentage for annual bonus which no one gets. So, in short those media reports highly inflate the salary and people will not be making anywhere near the salary per annum as mentioned.
Yes, I too thought this issue. Stocks allocated and to be credited in furture (4 years) will also be included in the package. Finally, how much money credited in bank account is important and the same will be less than what they project.
1 Cr salary in IT industry is no longer considered a big salary these days specially in places like California, Seattle etc. and yes 1 cr is the salary and not stock options.
Purchase Power Parity and the reality he told is 100% correct. Alot of parents are unaware about the business colleges and consultants making in word of fear or earning less money. Well done brother. Hare Krsna. ❤ You are making people aware.
Thank u for sharing with us so honestly ! Keep it up !
i see that for 1 core(130K) saving seems not great but what some one getting around 180k - 200k where expenditure is same but savings will increase by 60K nearly 45 lakhs which is huge amount i mean 30 + 45 savings is good amount
That's correct. In some cases if both husband and wife works saving can be easily 45-50 laks in one year where in India it will take 5 years.
Very few get 180k+
@@cr7fanclub747 Aim to be those few!
@@hallo-xp2wh well my aim in life is different, although, to get a job of 150k+ withing 4 years of graduation is very very difficult and requires a bit of luck as well. Although, hard work is always appreciated
@@cr7fanclub747 Not 4 but it is possible as you become an sde2 which usually takes about 2yrs and then your base salary increases well over 150k (+Stocks to h hi 🌚)
Us point pe pohonch ke savings acchi hongi as your expenses will not increase drastically in 2yrs
i think it's more beneficial to stay in india
True 😂
Yes
if u get citizen ship your upcoming gen will grow in an devoloped country, with wide rage opportunity and far better education system than india...
In india if u earn more than 10 lakhs per year then it's 30% tax......
@@maxxbrowning6161 but brother in Canada and USA you can easily buy range Rover , mustang Or any other luxury. Car easily
Well explained 👍. In the end you must decide whether you are fine to move for good and raise family in US, or plan to move for certain period, save money and come back to India, or just live in India in case you have good income and live with family and friends in your own country. There are pros and cons to all options. India is quite developed now so the reason to move overseas is not as attractive as it use to be 20 years ago.🙏🇮🇳
Developed in what sense? Human development index of India is 132 out of 191 countries. Development does not mean buildings. Rather pollution free, corrupt free etc.
Really where india developed. I want to see the location arre sharam nahi aa rahi india ko usa se compare karte . 😂😂😂😂
@@Ayeinnn69 Tell me what in life do you need is not in India, but it's there in US ? Be spesific about what you want to have a good life that you want to live in US. Talk about yourself.
@@nishantb80roads hai kya women ki safety hai kya yha , caste system per discriminate yha bhi hota hai baki chize mai bhi hota hai salaries job opportunity bahut si chize hai joh wha achi hai as compared to india
@@yashhemrajani5608 Do what is good for you. There are pros and cons of wherever you live. So no place is perfect. Depends on personal choice.
India me 10 lakh save krne ke liye 20 lakh total compensation honi chahiye.
Yes
In simple words saving of 10 lacs in india is equivalent to 30 lacs saving in US ..Also 1 crore salary means after all deductions 25 lacs in hand and 75 lacs is deductions.. फिर भी जिन्हे आच्छे रस्ते, बिल्डिंग, बगीचे,रेल,एअर पोर्ट देखणे हैं उन्होंने जाणा चाहिए..good efforts..👍
Wow kya maths lgayi hai bhai mtlab 75% toh tax hi legya wow konsi duniya mai jee rha hai bhai yhi haina 100k in usa is equal to 25 lakh in india or rhi bat tax ki toh bhai 100k per tera 25% katega yani ki 17 to 18k $ salary jis bracket mai ati hai woh percent puri salry per nhi lgta hai kabhi tax calculate krke dekhna gadhe or federal hai sabse high joh ki 24% hai 100k per yani ki 17k fir bhi agar local , social , mila de toh toh bhi 30% hua tab bhi tu almost 70 to 75k ara hai tere hath mai har saal or agar 50k bhi karach krega na pure saal mai tab bhi 20 to 25k Bach gye yani ki almost 25 lakh ab agar 25 lakh india mai kma toh 30% toh tax hai fir cess toh bacha 16,00,000 to 17,00,000 ab isme se kya khaayega or kya bachaega bta or GST bhi hota hai sir agar pta ho toh
70 lacs in hand 3️⃣0 lacs in deduction*
Saving kitni hoti h
Pink pink dekne ko milega
Even 25 lakh is a good amount .
Save in usa and spent in india , much more beneficial
Yes, why not.
Yes it is only benificial in this way only, But u can earn that amount or nearby amout in india too, with your family and friends.
Save in USA spend and invest in India 🇮🇳
@@ranuchakravarti3277 only when salary is 1crore. But In California 1 crore is considered as underpay.
And thats how you fuck up indian economy
If you are earning in usa, please just spend in usa.
All the NRI dollar inflow into Indian economy would destroy indian middle class life, because of inflation
Loved the explanation 💯💯
25 lakhs saving * 5 years = 1.25 crore.
Work for 5 years in US and buy a house in India without loans.
I think it makes sense to stay in India at 20LPA rather than 1CR USA.
No
How will you save 30 lacs every year in india?
@@meetu7817 only possibility if someone continues job along with freelancing!
@@meetu7817 that's the point, You don't have to. In India it will be enough to save 5lakh/year. Also the standard you can maintain here in 20lakh/year, you will never be able to maintain that in USA in crore, I have seen people making 25 lakh/year having car driver + house maid+luxury apartment + every month vacation and many more, can you do that in USA in a $130-150k/year salary? From last 10 years I am working in US staffing and believe me, the struggle is real.
@@ayushtyagi8291 are you an iitian?
Atleast something can be saved in us🤣 living in well developed country
Great education and life for next generation. I still appreciate people who choose to go.
Living somewhere which is not yours
@@viral_talent
Nothing is ours... everything belongs here... we came here to experience it... 😉🤣😂
Ever heard of medical expenses and student debt? Thinking for next generation??
India IA called savings led economy. Indians save more than average American.
U say it's not worthy to come US but u stay in US.. superb yaar
Please share preparation strategy for sde2 system design round...
Thankyou bhaiya kafi acha lga apki video dekh kr..the way u explained things was very amazing nd u showed both side vrna india mai to usa ki over hike hain.. Vse apka college se placement hua tha amazon usa .. I m also a final student of dtu
To the point.. need more TH-camrs like yourself 👍
Thanks for this video . See this is the thing our parents don't know .
Thank you very much sir for genuine information 👍👍, I needed this 👍👍
Really a needed video !! Thanks ❤️
Good and to the point video as always. 👌also, I think companies inflate their packages by adding esops, joining bonus and other random stuffs and make it look rosier.
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@Ernesto Matthias instablaster :)
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This year in IIT K, Multiple companies gave 1 cr plus in india like tower research, alphagrep, quantbox and Quadeye. Which is a huge deal.
Or whi package usa mai kitna hoga agar uss clg se pass hota toh or waise bhi 1cr pura nhi milta gross salary hai yh around 40 to 55 lakh milta hai
Nice video, thanks a lot for more details.
Staying abroad is only beneficial if you want to settle in abroad
i want to anyway
@@manirouses6771 same lmfao
Good Information Pushkar. Thanks
Nice explanation! from a long time I was thinking to get an estimate about all this stuff. (y)
u have confidence to make it big in india once u comeback.
The question remains why does anyone in india care of how much she/he makes or spends in USA?
Thanks for sharing this buddy.. I was in a dream that If I get onshore then will save alot as get Salary in doller but does not look that much realistic.. As my slary far below than 1 crore
I used to live in New York and make 120k and now live in Hyderabad and get 42 lacs Ctc. I save more in India than us 🇺🇸
cap
.
why did you move back to india?
Thanks for nice explanation...
Waha me 20lac toh save ho rha yha pe toh sirf 12,13 lac in hand salary h pure year ki
Jab tak tum fresher ho tab tak hi benifitial hai Bahar jana, in India fresher ki starting salary 3.5 on an average hogi, but Bahar Jane bar you can easily save 1 lac which as a fresher you can never achieve in India
@@anuragpathak2848 or senior level or grand level ke baare bhi dekh lo kitna save hoga ,india me ya bahr?
I don't understand Hindi properly. But, I think, you did not touch the topic about bringing money to India. After saving money in USA, if you try to transfer that money to India, you will have to pay tax.
@Unique Environment What do mean by "No Bro"
No tax
@@Sihota_jatinder But there will be conversation charges via RBI
@@rajanaidu237 No tax on Foreign income dude!
conversion rates are low...ever heard of remittance
@@hallo-xp2wh If I made 2000 EUROS in Europe. Can I transfer 2000 Euros to my ICICI account in India ?
Meine jitna dekha hai ki freshers room share karte hai, toh isliye rent kafi kaam ho jata hai aur faang mein lunch aur dinner either free ya toh subsidise hota hai. So if a person wants, (s)he can save 5000 usd pet month. Assuming Base= 110 k usd, Bonus= 25 k and some stock.
your voice is so familiar as common Indian friend
Hello Sir, Thank you for this information. But I would like to highlight one problem. I earn 30 LPA in India and I am not able to buy a house because I have no saving. My family is dependent on me so there are no savings.
If I go to the US I can save 30 Lakhs per year and in few years I can buy house in India. This is the most important benefit of being in US.
I am working for past 10 years in India and I don't have the capacity to by house. As all my expenses are getting used up and I am able to save about only 2 Lakhs per year which is not enough for down payment of house loan.
Also I got married recently so 14 Lakhs i.e. my life's savings got used up in that. So now I am back to zero savings.
This is the problem if you stay in India and you don't have any ancestral wealth. So urge all, if you get chance to work in USA please take it up. But I also advice don't settle there work for few years and come back. US culture is very bad.
your right bro thanks for clearing doubts i also de motivated
thnx a lot sir.very succint and to the point answer.
Thanks bhai beneficial information
I understand what he is saving but the factors which he has taken into account are at their maximum expense, for instance, rent can be lowered by sharing your apartment with 3-4 people. Food expense can be lowered by making own food, don't go sight seeing to reduce the expense, and also, you can get similar job in non-california tech companies, hence state tax is also lowered or negligible in case of Arizona and Texas. this way you save a lot too.
Thanks for this deep knowledge
Please convey in English or Please add English Subtitles
The main money of engineers come from stocks!! If you get a stock of 155000 USD per year and if the company grows and give a stock return of 14%, you will be a millionaire in no time
thanks for sharing this :]
Excellent brother 👍🏻
My relative is D.M. in up . His government quarter is of 2 acres.
His salary is 1.2-.1.5 lakh per month . So whole life income will be 2-5 crore
@@Nothing-ly6bt lol D.Ms don't need to touch their salary 😉
DM raja hota hai modern jamane ka
@@Nothing-ly6bt that is his initial salary later his maximum salary goes upto 2.5 to 3 lacs and plus other sources money
@@AtifAslam-ku4ls initial salary is around 64k
what about base and stock options???
the information in this video is very obsolete
Stock options are savings. Base is for kharcha. Usa is better because if your starting salary is 100kusd then it would become 300-400k usd in 4-5grs
@@blackboxbs8642 😂
Your videos are really good. Please keep more such videos coming.
Very very good video , thanks for this info 👍👍👍💯
Waah yaar bhai... Ausumn simple Desi explanation..
still benefits 30 lpa saving
food? groceries LEFT THE CHAT.
My advice : Start a business if you are in usa or india and see how it goes. Either you will become a millionaire or go to zero. Try for 3 years. If not study MS and get a job by 27-28. Worth the risk.
Nicely and honest review
Pushkar Kumar
I like your content, please keep it up.
Very humble ☺️ God bless you 💝 bro
Biggest earning was Equity award given by these companies...most of them grew 5x in last decade.
Bhai. Maine bht video dekhe. Salary at Google baba, Microsoft etc but bhai aapne itne simply se bataya. Bhai bht sahi se bataya...
For bachelor only, with family having kids, it should be minimum 50% more
Good information. I am father of two kids working in East and West in USA. You are truely assuming spendings vs savings on very conservative basis. But it never happens. In india taxation is very high compared to standard of living. One can't breath properly. Social atmosphere is also bad. Job opportunities have shrinked to a great extent. Maybe few IITns get jobs but overall job situation is pathetic in India. Compared to this , the young talents are attracted to US and Canada due to mental peace, dignity and paystuff.
Exactly what I was wondering about... It's very hard for young people to get a 20Lakhs package in India being from not prestigious colleges... Whereas in US, it's kind of easier to get 100k+
Do not bluff,go check indian metro it is billion times better the best you have.The standard of living is far ahead.Not every average US citizens gets 100000 usd and job scenario in US stupid and highly pathetic.Nobody in NITs gets 20 lakhs jobs in India and people who get 100000 usd should have tons of experience and only finance and few tech jobs are there and that even in California.Tge tax over there is 50%.The std of living is horrible in US.Canada is a shit country
Very well explained, thanks
Very well explained sir
I wonder salary increases drastically but not cost of living so saving is eventually increase right??
Doctor's salary In usa is 2.5cr is it true?
Happy new year Sir I watched first time your video through linkd profile
Beautiful brother, straight to answer, no nonsense.
Masterstroke
Earn in usa save 10-15 lakh
Send it to India(angrezo se apna maal wapas lene ki neeti)
Said your brother or father to do business from your money
And Business should be of your
choice and when business well grown setup another until those business don't give you minimum 1 lakh profit I
Know it could be more.
Save in US and Spend in India
25LPA per year saving is too good in India and That remaining cost is Cost of Good quality life and Good environment
Well explained 👍 from adv. Jagmohan Mendiratta from Pune
Excellently put about the savings. But one component for which most people want to move to US is 'quality of life' which i think is unparallel compared to India. Plus work timings (9-5) are fixed in US, unlike India where most companies make employees work for 10-12 hours atleast, including Saturdays. Would love to here your thoughts on these 2 aspects.
By quality of life, i mean better roads, education, infrastructure, healthcare(not so good still better than India i think), better police, law execution, ambulance..i can go on but I think I clarified the point. Better roads might seem silly point to some but just google how many deaths happen everyday in India just because of potholes and that too in cities like Bangalore and Mumbai
Healthcare is also good but expensive.
@@alokagarwal8179 driving habits of us indians is also an issue, potholes apart... N i think life is far better in Aus and Canada as compared to US, it might be THE LAND OF OPPORTUNITY, but still...
@@alokagarwal8179 education, Healthcare, ambulance india beats any other country. I can agree on roads which will become nice in 5-6 years.
@@alokagarwal8179 But delhi ncr giving all of this.
Insightful 👍🏻
136000 USD is really great salary even in California
Thankyoj very useful .
Insightful.
Phir v Dil he hindustani..:) well done.
Awesome explanation, one question does People working in US receive salary on weekly ? I have few colleagues who said these to me
Very few not many
Half on 15th & remaining on last working day
i think in some company u have iption too
Not every student in India is from IIT. And how do you save 12 lacs in india?
If your long term goal is to settle in USA then what you said will make sense. But if you plan to go back to India after gaining experience and earning money say for instance after 10-12 years then this 30-36 lacs that you save in US yearly is huge, trust me.
Sir , What is your salary?
Very insightful, Thanks for making this video Pushkar. Can you please clarify that 1400 dollars is monthly rent or yearly rent?
It's monthly...
Monthly Bhai
Abhinav $1400 is the monthly rent and if you have any other query related to this . You can ask it on my Instagram @vaibhav.stfu ., I have done so much research on this
Pushkar this is the 1st video of yours i am seeing and insta subscribed , i am a commerce student age 27 working for once of the biggest IT company inctje world , but not in IT domain . I am planning to go for an online bootcamp as i want to change my career to IT now . Needed some guidance here
Bro.. please do next video onwards in English
Sir in today's world if a 23 year male earning 13000 per month in India....in state government job.....then . Should he left that job.....?
😂😂
You gave realpicture. It's good one.
My cousin lives in the bay area, and guys, 140k dollars in that area is just enough to live like an average life in india
Asked about tax to your cousin how much they get in hand is important not 140k
@@umarjaanvlogs5221 that's why I mentioned "Average"
please make a detailed video on how 2020grads can get international placements... Like what skills required, what sites to apply, etc etc plz make early need it in tough pandemic times
Thanks for your detailed review. I m getting 27 lacs in India and have offer of 1 crore in USA. Where I will save more? As my wife is not going to work in usa. I m more interested in saving for atleast 5 year from now.
I would say you can save more in India .
Omg kya job 😱
You save more in India but get better life style and better development in USA with good saving (not Better than india) but chance of increasing in salary is more possible in US
@@smitpethani4798 also we should not forget the real money in MNCs comes from RSUs as with the growth of the company SDEs are known to become millionaires.
@prahama what you choose in the end I'm in similar situations.
u demotivte me ..............only software engineers live a life rest like us are worthlesssssss 😭😭😭😭😭😭
You have done good job for students to not get demotivated
Nice information sir
Great explanation,
Very nice..sir please make more videos
nice content !